Date
To
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
All Risk Management Agency Field Offices
All Other Interested Parties
From
Richard H. Flournoy, Deputy Administrator
Subject
2023 Crop Year (CY) Common Crop Insurance Policy Projected Prices and Volatility Factors Announcement
Common Crop Insurance Policy 1
The 2023 CY projected prices shown below are approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2023 CY volatility factors shown below are approved for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The projected prices and volatility factors are applicable for the crop, types, and states indicated in the following table.
| Crop/Type/State | Exchange | Contract | Projected Price | Volatility Factor |
| Canola – Canola Type Illinois, Indiana, Kansas, Kentucky, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, and Virginia | ICE | July Canola | $0.305/pound | 0.25 |
|
Canola – Rapeseed Type Illinois, Indiana, Kentucky, North Carolina, Oklahoma, South Carolina, Tennessee, and Virginia |
ICE | July Canola | $0.398/pound | 0.00 |
| Canola – Canola Type Idaho (Fall), Oregon (Fall), and Washington (Fall) | ICE | November Canola | $0.290/pound | 0.26 |
| Canola – Rapeseed Type Idaho (Fall), Oregon (Fall), and Washington (Fall) | ICE | November Canola | $0.391/pound | 0.00 |
| 1 Projected Prices and Volatility Factors are applicable for the Enhanced Coverage Option (ECO) and the Supplemental Coverage Option (SCO). | ||||
DISPOSAL DATE December 31, 2022